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External Factors
Elements outside of an organization's control that can affect its performance and strategy.
Primary
Refers to first in order, importance, or original sources of information obtained directly from first-hand experience or research.
Economies of Scope
Cost advantages that a business experiences by producing a wider variety of products, rather than specializing in the production or provision of a single product or service.
Diseconomies of Scale
A point at which a company grows so large that the costs per unit increase with the increase in production.
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